Pinthongtha sells land in Thiem Ruammit area to SC worth more than 725 million baht.
On March 3, SC Asset Corporation Public Company Limited or SC Notify the Stock Exchange of Thailand (SET) that the Board of Directors’ meeting has approved the Company to purchase 2 plots of land on Thiam Ruammit Road, Huai Khwang District, Bangkok from the major shareholder, Ms. Pinthongta Shinawatra Kunakornwong, who Being a person connected to the company
Consists of land area of 1 rai 3 ngan 61 square wa and land area 3 rai 3 ngan 80 square wa, totaling about 5 rai 3 ngan 41 square wa, which is owned by Ms. Pinthongta Shinawatra Kunakornwong, who is a connected person. The purchase price is 310,000 baht per square wa, totaling approximately 725.71 million baht, which is lower than the fair value assessed by an independent property appraiser of 58.54 million baht at the average market price of 784.25 million baht or 335,000 baht per square wa.
There is a contract to buy and sell and pay for the land within April 29, 2022, with a deposit of 72.571 million baht, transfer of ownership within May 31, 2022, and pay the remaining amount of the land 653.139 million baht, which the seller will be Who is responsible for transfer fees, taxes and other expenses
The company plans to use the land to develop a residential condominium project. The purchase and sale value of the project consisted of land cost totaling 1,223.41 million baht, construction cost 2,148.38 million baht, and other costs 356.38 million baht, totaling a total project cost of 3,728.17 million baht.
For such plots of land, there is a potential for project development. Located in a prosperous and growing business area, close to jobs, educational institutions and facilities. convenient transportation Suitable for developing into a condominium Because it is located in Ratchada-Huay Kwang-Rama 9 location. Considered as a new business center